Rent or purchase?

What better way to do it?
To rent a house or to buy one?

We all went through this dilemma at some point and tried to find answers and gather information from all sides before making a final decision.
People often feel that they are enriching someone else by renting a building. And, to a certain extent, it is completely true. However, buying a home is not for everyone. Let's take a closer look at whether you should rent or buy a home.

Can you afford a home?
People often think about taking out a mortgage and say, "It's not much more than paying rent now." However, it is advisable to consider that you have to pay for the repairs that appear constantly, for taxes or other arrangements or modifications that you want to make. When you rent a home, you don't have to worry about these expenses. In some cases, your utilities may even be included in the rent.

Do you have a steady income?
People who want to buy a home either choose to pay cash or have already done a bank simulation to approve a loan. However, in order to cover the cost of a mortgage loan, it is mandatory to prove that you have a constant income, ie a stable job.
Unfortunately, if you can't prove it, you may have trouble finding a bank that will grant you a mortgage.

Do you have an emergency fund?
Even if you have an advance and can afford the monthly mortgage payments, it would be ideal to think twice before buying a home without having an emergency fund for at least 3-6 months of expenses. You want to have your money ready in case of certain emergencies, such as the failure of the air conditioner in the middle of summer or a water leak, etc. If the home is yours, you can't call the landlord for repairs. It's all up to you now.

Do you want to make an investment?
People often feel that renting a house means throwing money out the window. When you buy a house, you make a good investment. Once the mortgage is paid off, you will have something that can be sold with a potential profit.

Do you want the home to be exactly to your taste?
When you live in rent, you do not have the freedom to arrange the house according to good taste and it is not worth the financial investment in the house that is not yours and from which you can move at any time. Instead, if you have your own home, you can arrange your rooms exactly the way you want so that you can fully enjoy what HOME means.

Whether you want to buy or rent, you can trust our services!
www.newconceptliving.ro

Follow us on facebook
Follow us on youtube